---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-050449"
form_type: "8-K"
ticker: "BOXL"
cik: "0001624512"
company_name: "Boxlight Corp"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T13:00:15.374601+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Boxlight amends credit agreement to borrow additional $3.0M from Whitehawk; repayable by Sept 29, 2023

## Summary
- Third Amendment to existing $58.5M credit agreement provides $3.0M delayed draw term loan.
- Loan funded on April 24, 2023; must be repaid by Sept 29, 2023, with no prepayment penalties.
- Senior leverage ratio covenants revised for periods through 2024; e.g., 2.50:1.00 for Dec 31, 2023.
- Minimum liquidity: $1M through May 31, 2023, then $4M from June 1, 2023.
- Subsidiaries reaffirm guarantees and liens under the credit agreement.

## SEC filing metadata
- accession: 0001104659-23-050449
- form_type: 8-K
- ticker: BOXL
- cik: 0001624512
- company_name: Boxlight Corp
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1624512/000110465923050449/0001104659-23-050449-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1624512/000110465923050449/tm2313757d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-050449
- JSON: https://secwatch.observer/filing/0001104659-23-050449.json
- Plain text: https://secwatch.observer/filing/0001104659-23-050449.txt

## Key facts
- Debt Financings
  Boxlight Corp incurred credit facility of $3.0 million with Whitehawk Finance LLC maturing September 29, 2023.
  - Instrument: credit facility
  - Principal: $3.0 million
  - Counterparty: Whitehawk Finance LLC
  - Maturity: September 29, 2023
  - Event: incurrence
  source text: The Third Amendment was entered into for purposes of the Lender funding an additional $3.0 million delayed draw term loan (the “Additional Draw”). The Additional Draw was funded on April 24, 2023, must be repaid on or prior to September 29, 2023, is not subject to any prepayment penalties, and adjusts certain terms to the Credit Agreement, including adding test period end dates and corresponding Senior Leverage Ratios (as defined in the Credit Amendment) and revising the minimum liquidity requirements that the Company must maintain compliance with pertaining to certain Borrowing Base Requirements (as defined in the Credit Agreement), among other adjustments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1624512/000110465923050449/0001104659-23-050449-index.htm
- Material Agreements
  Boxlight Corp amended Third Amendment to Credit Agreement with Whitehawk Finance LLC valued at Additional $3.0 million delayed draw term loan (effective 2023-04-24).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Whitehawk Finance LLC
  - Value: Additional $3.0 million delayed draw term loan
  - Effective: 2023-04-24
  source text: On April 24, 2023, Boxlight Corporation, a Nevada corporation (the “Company”), entered into a third amendment (the “Third Amendment”) to the credit agreement (the “Credit Agreement”) with Whitehawk Capital Partners, LP, as collateral agent (the “Collateral Agent”), and Whitehawk Finance LLC (the “Lender”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1624512/000110465923050449/0001104659-23-050449-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.